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Dec 3, 2012
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. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was general matter, an increase of 3.4%. 2% below what the street was expecting. some important stories that came out today from the auto industry. let's start with ford. 6.5% increase. the company today raising its production in north america for the first quarter by 11% up to 750,000. the most they have produced in the first quarter since 2006. general motors may cut production of its truckline because of bloated inventory. they're at 139 day supply. you want that down around 85 day supply. bmw and mini are on track to post best u.s. sales ever. today they increased 39% for the month of november. shares of automakers, despite positive news from ford, they were all down today. so, that's the latest with the automakers. by the way, we're expecting the monthly sales pace to come in above $15 million. we'll get that number here shortly. >> interesting story there. a lot of numbers moving
. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was general matter, an increase of 3.4%. 2% below what the street was expecting. some important stories that came out today from the auto industry. let's start with ford. 6.5% increase. the company today raising its production in north america for the first quarter by 11% up...
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it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good performance for the month. this simpreis impressive given uncertainty created by the presidential election and the fast-approaching fiscal cliff. except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value
it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good...
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Dec 4, 2012
12/12
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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Dec 8, 2012
12/12
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and landmarks, and many president obama is asking congress for money on behalf superstorm sandy. the white house says the york governor andrew cuomo and new jersey governor money will help their states recover, repair, and rebuild. be used to protect the region from future storms. >> this patient, at six year-old, bonds to collect toys and donated them to children's hospital. he is fighting brain cancer . >> we have been so... blast. blessed. >> the dickens christmas fare is so much fun we will tell you all about it. so, on back and we will celebrate. ... >> earlier despite having cancer, a bakersfield boy is doing something wonderful. he turns 13 next week, and his birthday wish? enough toys to give to all the other children in his hospital. this is nathan garcia. he's battling stage four brain cancer. because of that, he's had to put his dream of on hold. but it's not stopping dreams. and his parents are helping him with those. have much time left. his family plans to to the san francisco children's hospital where he's being treated.. ..and toys will also go house. local ronald
and landmarks, and many president obama is asking congress for money on behalf superstorm sandy. the white house says the york governor andrew cuomo and new jersey governor money will help their states recover, repair, and rebuild. be used to protect the region from future storms. >> this patient, at six year-old, bonds to collect toys and donated them to children's hospital. he is fighting brain cancer . >> we have been so... blast. blessed. >> the dickens christmas fare is...
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like sandy came ashore. katie? >> reporter: good evening, lester. there was a 14-foot storm surge here on lower manhattan, completely submerging this subway station. the damage is so bad here, they don't know when ore if they'll ever by able to open it. swamped subways. >> a record storm surge here in the new york city area. >> reporter: massive power outages and beach front neighborhoods leveled. while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's preparability saying the sea level rise will progress regardless of new york's response. officials dealt with problems like housing, gas sho
like sandy came ashore. katie? >> reporter: good evening, lester. there was a 14-foot storm surge here on lower manhattan, completely submerging this subway station. the damage is so bad here, they don't know when ore if they'll ever by able to open it. swamped subways. >> a record storm surge here in the new york city area. >> reporter: massive power outages and beach front neighborhoods leveled. while officials say sandy was unprecedented, it wasn't entirely unexpected. for...
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Dec 5, 2012
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at some point through superstorm sandy and how that may have impacted the results in the northeast or the adp report is seen as an indicator for jobs report. we were given new unemployment rate that i can share with you. greg: citigroup says it is cutting 11,000 jobs. about 40% of the global workforce. this they are expected to save $1.1 billion per year, and is the first major action since the banking giant named a new ceo. the group is not saying exactly how many of these lost jobs will be here in the united states are you with that they plan to close 44 branches. we do pretty big news from citigroup. republican leaders calling on obama to sit down for a face-to-face negotiation on the fiscal cliff. this is just weeks ago before the deadline. right now, as you know, there is still no deal. those sites are still hundreds of billions of dollars apart. mike emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now time for the president to be getting involved to respond to the
at some point through superstorm sandy and how that may have impacted the results in the northeast or the adp report is seen as an indicator for jobs report. we were given new unemployment rate that i can share with you. greg: citigroup says it is cutting 11,000 jobs. about 40% of the global workforce. this they are expected to save $1.1 billion per year, and is the first major action since the banking giant named a new ceo. the group is not saying exactly how many of these lost jobs will be...
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Dec 8, 2012
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president obama asking congress for $60 billion for recover efforts following superstorm sandy. hard hit states asked for more than $80 billion. the october storm devastated much of the northeast. federal aid would go to victims and rebuilding projects. it's unclear if congress already in negotiations over how to balance the budget, will approve funding before breaking for the year. >>> secretary of state hillary y clinton has agreed to testify before the senate foreign relations committee about the benghazi attacks. september 11th all the on the u.s. consulate in libya left ambassador chris stephens and three others dead. clinton will testify before the 130th congress sometime in january. she's also agreed to testify before the house foreign affairs committee. i'm li elizabeth pren in new yo. for all the headlines, log onto foxnews.com. >>> a warning that some of our nation's biggest companies may be hoodwinking you, the taxpayers. major companies like gm taking advantage of all kinds of incentives and tax breaks from local and state governments, but are the communities, meanin
president obama asking congress for $60 billion for recover efforts following superstorm sandy. hard hit states asked for more than $80 billion. the october storm devastated much of the northeast. federal aid would go to victims and rebuilding projects. it's unclear if congress already in negotiations over how to balance the budget, will approve funding before breaking for the year. >>> secretary of state hillary y clinton has agreed to testify before the senate foreign relations...
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Dec 7, 2012
12/12
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first of all, the impact from superstorm sandy. it wasn't there. that's what the bureau of labor sta stisks told us. we thought it might have a significant impact. it didn't. second of all, a number of people gave up on looking for work. that's why you see the significant decline in the unemployment rate. >> where were the jobs gained? >> primarily retail, which added 53,000 jobs. business services have been strong throughout this recovery. we saw those add 43,000 jobs and lastly health care, which has been one of those fields that most people would say is untouchable because there's a growing need for health care as the boomer population ages and because there are consistently jobs in the health care. also computer services were strong. retail, one thing to note, it's november, people hire for the holidays. >> rebecca jarvis, thank you. >> now to the crisis in the middle east. rejecting president mohamed morsi's call for reconciliation, refusing to compromise last night as he spoke to the nation. earlier, morsi got a call from president obama afte
first of all, the impact from superstorm sandy. it wasn't there. that's what the bureau of labor sta stisks told us. we thought it might have a significant impact. it didn't. second of all, a number of people gave up on looking for work. that's why you see the significant decline in the unemployment rate. >> where were the jobs gained? >> primarily retail, which added 53,000 jobs. business services have been strong throughout this recovery. we saw those add 43,000 jobs and lastly...
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sandy. it may not pass in congress until next year because of the fiscal cliff situation. >>> and some electronic device bans could be lifted. in a letter to the faa, the agency called for greater use of portable devices on planes. i thought they affected navigation systems. but maybe that's not true. >>> and finally, a fish tale with a picture to prove it. a fisherman caught what is believed to be the biggest yellow fin tuna ever. landed on rod and reel, that is. 459 pounds. he fought the fish for two hours. the previous record, dan harris was reminded me, was 427 pounds this year. >> i take this very seriously, ron. >> a walking encyclopedia. >> he likes his sushi. >>> time for the weather and ginger zee. >> good morning, everybody. i want to start in the pacific northwest, where they've been waiting for snow at the ski resorts. and snowboarders happy, too. snoqualmie pass, they got it. they got well over six inches in a lot of spot. that same storm that drops that snow is moving through t
sandy. it may not pass in congress until next year because of the fiscal cliff situation. >>> and some electronic device bans could be lifted. in a letter to the faa, the agency called for greater use of portable devices on planes. i thought they affected navigation systems. but maybe that's not true. >>> and finally, a fish tale with a picture to prove it. a fisherman caught what is believed to be the biggest yellow fin tuna ever. landed on rod and reel, that is. 459 pounds....
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Dec 5, 2012
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 3, 2012
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disaster in a state left devastated by superstorm sandy, but this one man made. a train carrying toxic car ge goes off the track and people forced from their homes for days now, and now, another setback in the cleanup efforts. and also, we've all seen our fair share of silly criminal stories, come on admit it, they never get old. and why this pair of ban did i understand could take the cake. >> i think this'll be on world's dumbest criminals, they came in here unequipped and unprepared and ended up leaving their vehicle here. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345
disaster in a state left devastated by superstorm sandy, but this one man made. a train carrying toxic car ge goes off the track and people forced from their homes for days now, and now, another setback in the cleanup efforts. and also, we've all seen our fair share of silly criminal stories, come on admit it, they never get old. and why this pair of ban did i understand could take the cake. >> i think this'll be on world's dumbest criminals, they came in here unequipped and unprepared...
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Dec 6, 2012
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and for the first time in several weeks, the effects of superstorm sandy largely ruled out. the four-week average at 408,000 is still elevated. most of the year we have seen claims around that 370,000 to 375,000 level which suggests modest growth. we get the november employment growth tomorrow. that's a key factor although again sandy will distort the numbers. >>> flat start on wall street. investors still looking for some progress. dow down 1, nasdaq down 1, s&p down 1, as well. apple shares down 1.25%. back to you. >> it's 1s across the board. thank you. >>> the new reality in washington state recreational use of marijuana is now legal. hundreds of people showed up at the space needle to celebrate at midnight. voters approved the law last month. adults can now possess up to an ounce of pot. but growing and selling it is still a crime. colorado by the way also legalized recreational use of marijuana but that amendment won't take effect until the governor proclaims that it passed. >>> just two years after arriving in the bay area, the "fresh & easy" market chain could be goi
and for the first time in several weeks, the effects of superstorm sandy largely ruled out. the four-week average at 408,000 is still elevated. most of the year we have seen claims around that 370,000 to 375,000 level which suggests modest growth. we get the november employment growth tomorrow. that's a key factor although again sandy will distort the numbers. >>> flat start on wall street. investors still looking for some progress. dow down 1, nasdaq down 1, s&p down 1, as well....
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Dec 7, 2012
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chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to "hardball." today president obama took his fiscal pitch outside the beltway visiting a middle class family in the virginia suburbs. the president's message is resonating with people across america. a new quinnipiac poll proves it. 53% trust president obama and the democrats more to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you'
chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to...
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Dec 6, 2012
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superstorm sandy devastating parts of the east coast. it may have been just a category 1 hurricane, just a category 1 but remember, remember this warning from our very own janice dean? >> a million people could be affected by this storm. so people like, oh, it is a northeast storm. only a category 1. what is the big deal? no, this is an impressive storm. this is not just a tropical system as jenna mentioned. we have basically a hurricane inside a giant nor'easter for the record books. the lowest pressure on record at this latitude. so that is impressive. what pressure means, the lower it goes, the stronger the storm that we are dealing with. jenna: if you remember this but at that time when janice was giving us that forecast it was going back and forth. is it a hurricane, is it not a hurricane, is it a hurricane? now the national hurricane center is taking a lot of heat because it didn't issue hurricane watches and warnings. the center proposed changes to criteria for storm warnings for everybody because of this one storm on the east coa
superstorm sandy devastating parts of the east coast. it may have been just a category 1 hurricane, just a category 1 but remember, remember this warning from our very own janice dean? >> a million people could be affected by this storm. so people like, oh, it is a northeast storm. only a category 1. what is the big deal? no, this is an impressive storm. this is not just a tropical system as jenna mentioned. we have basically a hurricane inside a giant nor'easter for the record books. the...
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Dec 7, 2012
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now, whether superstorm sandy had an effect i can't tell you. what i can tell you is that this is a preliminary december read and all comps i'm giving you are final reads. this will change in a couple of weeks. on the surface, not a very good number. the response in the marketplace, not a huge response at this point but remember the market still trying to digest real from memory with regard to actual positives of the jobs report and it's a weekend. back to you. >> thanks a lot, rick. rick santelli. it does sort of point to a market that some argue is overly hedged. the rallies that nobody believes and firm on bad news as some say. >> the only thing i know is if you have capital losses, don't take them this year. more valuable next year. maybe that's why hewlett packard is going up. people aren't selling losers because they are worth more to sell next year against higher capital gains. >> have a great weekend. >> football. football. >> a great day. when we come back, a pair of exclusives on "squawk on the street." whirlpool ceo on jobs, the econo
now, whether superstorm sandy had an effect i can't tell you. what i can tell you is that this is a preliminary december read and all comps i'm giving you are final reads. this will change in a couple of weeks. on the surface, not a very good number. the response in the marketplace, not a huge response at this point but remember the market still trying to digest real from memory with regard to actual positives of the jobs report and it's a weekend. back to you. >> thanks a lot, rick. rick...
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Dec 5, 2012
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. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now. >>> good morning. thank you so much for being with us. i'm carol costello. this should be interesting. speaker john boehner is meeting with house republicans who are angry at his new pitch to raise 8$800 million in fiscal cliff negotiations. we're expecting a news conference any minute now on that meeting. we'll bring it to you live. nancy pelosi spoke about it a few hours ago. here's what she had to say. >> i would hope that that would break the fall on the cliff, which is becoming more of a soil if they do that but really, we do need to put a down payment, not just in revenues which passing
. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now....
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sandy cuts into earnings by six cents. four square cracked the top three in mobile apps rankings. according to a report, the new york based software company landed behind only facebook and twitter in theerankings. that's the latest from the fox business network giving you the power to prosper. ♪ dennis: more out of egypt. protesters lighting fires, an estimated 50,000 marchers. roiters reported that president morsi left the palace in the face was protests, left the residence, and protesters broke through police lines, and pulled back after the tear gas. thousands protesting morsi's declaration giving him nearly unrestricted powers. cheryl: west coast minute. upddte on a story we followed for you. the ports of los angeles and long beach shut right now as clerical workers enter the second week of striking. ten of the 14 terminals are shut because dock workers refuse to cross the picket line. ships idling outside waiting to be cleared to enter with some diverted now to panama. the national retail companies asking the white
sandy cuts into earnings by six cents. four square cracked the top three in mobile apps rankings. according to a report, the new york based software company landed behind only facebook and twitter in theerankings. that's the latest from the fox business network giving you the power to prosper. ♪ dennis: more out of egypt. protesters lighting fires, an estimated 50,000 marchers. roiters reported that president morsi left the palace in the face was protests, left the residence, and protesters...
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Dec 10, 2012
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. >> coastal communities a strike by superstorm sandy are pushing to reveal their war works and time for next summer. they are in a race to finish by the end of may to retain tour's money they will need for next year. seaside heights, new jersey is about 75% of its budget for tourism. sounds like bellmawr, new jersey are spending around $20 million to rebuild its boardwalk. new york mayor michael bloomberg has said no new wooden or what should be built. as he faces concretfavorr walks which adorable. >> if you like to turn holiday shopping into a last minute marathon macy's is ready to cater to you. the department store chain announced it will be open for nonstop shopping the last week it for christmas. >> stores will open at 7:00 a.m. on friday december 21st and will stay open until 7:00 a.m. once an exhibit of the third. the special cells of a marathon when that morning when macy's says ms. storm an open until midnight. >> the company has tried to extend shopping hours in the past but is a the first time all 800 macy's storewide would dissipate. >> i can which i will go. >> that is
. >> coastal communities a strike by superstorm sandy are pushing to reveal their war works and time for next summer. they are in a race to finish by the end of may to retain tour's money they will need for next year. seaside heights, new jersey is about 75% of its budget for tourism. sounds like bellmawr, new jersey are spending around $20 million to rebuild its boardwalk. new york mayor michael bloomberg has said no new wooden or what should be built. as he faces concretfavorr walks...
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Dec 3, 2012
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sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon monoxide, the danger is going to be an affix ant, it could stop people from breathing. these children have been in the classroom since 7:30. our readings in the classroom were not quite as high as our reading at 1700 was near the actual furnace area. >> want to bring in george howell here. you brought in what i can only presume is a carbon monoxide detector. tell me about it and were there any of these in the school? >> this say professional carbon monoxide detector. this is what we use here at the cnn center. this will run you a couple thousand dollars. couple thousand of dollars for this. it is important to check. but for your home, $17. $17 is all it takes to get one of these in your home, to monitor for carbon
sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon monoxide, the danger is going to be an affix ant, it could stop people from breathing. these children have...
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superstorm sandy was a small factor. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >
superstorm sandy was a small factor. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the...
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Dec 8, 2012
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and superstorm sandy brought devastated and will cost tens of billions of dollars and now the president is asking congress for 60 billion to help with the cleanup. peter doocy is live in washington with the latest on the recovery efforts. >> reporter: good morning, clayton, you're right the white house wrote a letter, the speaker of the house, to request 64.4 billion dollars and the number recommends funds needed to finance a recovery effort and help the region prepare for future challenges, including future severe storms and flooding as well as impacts associated with a changing climate. just because the white house is requesting 60.4 billion dollars doesn't necessarily mean it will be easily approved by the house of representatives, because money is tight right now and as spokeman for speaker boehner says simply, we have the request and we will review it. four u.s. senators from new york and new jersey, chuck schumer robert menendez and kirsten gillibrand says the money might get caught up with people wanting it elsewhere. and it's a tough fight in congress given the fiscal cliff and
and superstorm sandy brought devastated and will cost tens of billions of dollars and now the president is asking congress for 60 billion to help with the cleanup. peter doocy is live in washington with the latest on the recovery efforts. >> reporter: good morning, clayton, you're right the white house wrote a letter, the speaker of the house, to request 64.4 billion dollars and the number recommends funds needed to finance a recovery effort and help the region prepare for future...
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Dec 4, 2012
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sandy. contractors will be isn't out to repair the homes at no charge to the montgomerys -- to the homeowners. most of the money is coming from pea -- fema. new york is paying for the rest of it. some say the help is not coming fast enough. >>> also, the mayor of america whack, new jersey will begin its challenge to live on food stamps for a week. he made that bet on twitter with one of its followers last month. the two will eat only what they can buy with $28.78. that's the average that people spent with food stamps. he will live off beans, corn and apples for the next week. >>> 7:44. frightening story for any parent. your child is missing. ktvu's pam cook is in the newsroom with this story. >> the child missing is lost by those paid to watch over her. she's autistic. staff members say they followed her for several blocks to the fruitvale b.a.r.t. station where they lost sight of her. she was found two days later on a muni bus in san francisco. family members say she was badly beaten and se
sandy. contractors will be isn't out to repair the homes at no charge to the montgomerys -- to the homeowners. most of the money is coming from pea -- fema. new york is paying for the rest of it. some say the help is not coming fast enough. >>> also, the mayor of america whack, new jersey will begin its challenge to live on food stamps for a week. he made that bet on twitter with one of its followers last month. the two will eat only what they can buy with $28.78. that's the average...
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Dec 6, 2012
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they say it's a sign nearly all of the effects of superstorm sandy on the labor force have evaporated. this report comes a day before the government releases its closely watched job survey. there are reports that hiring sank last month because of sandy. >>> a new study shows if taxes go up on upper-income americans, the passage of proposition of 3 -- of proposition 30, raised the tax rate for california's highest income earnser -- earners to 13.3%. if the bush cuts expire at the end of the year, that would brick the overall tax rate for higherners in rainfall -- high earners to 51%. >>> this afternoon, president obama will visit a family in northern virginia. he will be talking about the importance of congress extending tax cuts for middle- klaas americans. it's all -- middle-class americans. it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a dadly hit and run. last night a man believed to be in his 50s was killed while crossing the intersection at white and kimby roads. he's the -- qwimby roads. the investig
they say it's a sign nearly all of the effects of superstorm sandy on the labor force have evaporated. this report comes a day before the government releases its closely watched job survey. there are reports that hiring sank last month because of sandy. >>> a new study shows if taxes go up on upper-income americans, the passage of proposition of 3 -- of proposition 30, raised the tax rate for california's highest income earnser -- earners to 13.3%. if the bush cuts expire at the end of...
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Dec 7, 2012
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economy adding 146,000 jobs despite the fact that superstorm sandy caused $60 billion worth of damage in this country. but after all that devastation, construction jobs are seeing a big bump in communities that sandy hit hard. rick leventhal is live on staten island, new york, a little bit of a silver lining here, rick. >> reporter: yeah. of course a lot of businesses suffered as a result of hurricane sandy, especially restaurants and retail hit by that storm surge. but as you mentioned, some businesses are seeing a boom, especially in the home improvement area. construction jobs, plumbers, electricians, landscapers, roofers, drywall finishers, they're all working very, very hard, getting a lot of new business. we spoke to a couple, dana that and anthony devigne know, who run their own electrical contracting business, here's what they told us. >> people want their work done right away, and we're working as hard as we can to get that done for them. >> and i'm a firm believer in taking the work while it's there, so we really don't pass up too much. if we have to work saturdays and sunda
economy adding 146,000 jobs despite the fact that superstorm sandy caused $60 billion worth of damage in this country. but after all that devastation, construction jobs are seeing a big bump in communities that sandy hit hard. rick leventhal is live on staten island, new york, a little bit of a silver lining here, rick. >> reporter: yeah. of course a lot of businesses suffered as a result of hurricane sandy, especially restaurants and retail hit by that storm surge. but as you mentioned,...
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Dec 9, 2012
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superstorm sandy may have devastated the town, but our next guest making sure that all kids get toys for christmas. i like this woman. an amazing venture you'll hear about after the break. ♪ i got you babe ♪ i got you baby er really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about
superstorm sandy may have devastated the town, but our next guest making sure that all kids get toys for christmas. i like this woman. an amazing venture you'll hear about after the break. ♪ i got you babe ♪ i got you baby er really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online....
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Dec 3, 2012
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Dec 4, 2012
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he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk apparently even came from the top at fox news. washington post bob woodward writes about some private recordings in which fox news analyst k.t. mcfarland meeting with general petraeus in afghanistan in the spring of last year delivered a personal message from roger ales. >> he says if you're offered chairman, take it. if you're offered anything else, don't take it, resign in six months and run for president. okay. i know you're not running for president. but at some point when you go to new york next, you may want to just chat with roger and rupert -- >> well, rupert, look, what i have told people i
he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk...
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Dec 5, 2012
12/12
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superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the already weak forecast. i hope i am wrong about that. from the cnn money newsroom in new york, i'm ali velshi. that's it from me. same time tomorrow. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it has 7 antioxidants to support cell health. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned t
superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the already weak forecast. i hope i am wrong about that. from the cnn money newsroom in new york, i'm ali velshi. that's it from me. same time tomorrow. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i...
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Dec 5, 2012
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sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy which struck the northeastern united states on october 29, as the largest-sized storm system in u.s. history. hurricane sandy claimed the lives of more than 120 americans, destroying over 340,000 homes. and over 2 hub,000 businesses and leaving more than 8.5 million families without power, heat or running water for weeks. and i understand in a few neighborhoods and in a few buildings in new york and new jersey that still is the case. the scale of this disaster has created significant housing and transportat
sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy...
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Dec 6, 2012
12/12
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sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people waiting to see what happens in washington because it's been driving trading for several weeks. >>> honda is expecting within two years it will export more vehicles than it imports from japan. the company says the factories will take on a larger role in global product development at that point. >>> all right, i've been wanting to ask larry some specific questions and i'm going to do it now because actually some of the stuff you talk about doug oberhelm, you teach economics, you're an economic sage so the mantra and we heard it
sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people...
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Dec 4, 2012
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sandy. christie heads to washington on thursday to meet with federal officials. you know, parts of the new jersey coastline, complete devastated by this powerful storm. you know, governor christie estimates that sandy caused upwards of $20 billion of damages. >>> and the atlanta journal-constitution with more information about dozens of children and adults that were sickened by carbon monoxide poisoning at the local school there. at least 49 people were sent to the hospital yesterday. take a look at this. fire officials believe the heating system failed there. finch elementary had no carbon monoxide detectors, either. which, i guess, they're not required in georgia. and many parents complained they were left in the lurch because of poor communication. soledad o'brien will talk to a student, a parent and also a school official. so we'll get lots of sides there. >> also coming up, amazement and dismay. that's how fedex's ceo is describing the fiscal cliff crisis. i sat down with fred smith. he
sandy. christie heads to washington on thursday to meet with federal officials. you know, parts of the new jersey coastline, complete devastated by this powerful storm. you know, governor christie estimates that sandy caused upwards of $20 billion of damages. >>> and the atlanta journal-constitution with more information about dozens of children and adults that were sickened by carbon monoxide poisoning at the local school there. at least 49 people were sent to the hospital yesterday....
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sandy. still, guys, the number much better than expected. few tuesday, which were down right before the numbers hit, turned around. they are now higher fractionally so a big turn for stock futures and better than expected jobs number for november. i can dig in more once i get to the website. but those are your headline numbers. better than expected. >> gillian, better than expected. a lot of people blamed hurricane sandy again but that's encouraging. >> i have two economists, a liberal, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort of deleveraging. you ad
sandy. still, guys, the number much better than expected. few tuesday, which were down right before the numbers hit, turned around. they are now higher fractionally so a big turn for stock futures and better than expected jobs number for november. i can dig in more once i get to the website. but those are your headline numbers. better than expected. >> gillian, better than expected. a lot of people blamed hurricane sandy again but that's encouraging. >> i have two economists, a...
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the job numbers are expected to be depressed by superstorm sandy. >>> we'll get instant analysis when the report comes out. >>> plus, a motor city makeover. >> what does opportunity look like? it looks like detroit. >> guest host dan gilbert on his efforts to revitalize detroit as the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky quick and steve liesman and andrew ross sorkin is off for one more day. our guest host dan gilbert, founder of quicken loans and owner of the cleveland cavaliers. we'll talk about a lot this hour but the big 50 is the november jobs report. it comes out at 8ky there. the dow jones news wire poll of forecasters, we thought this was so interesting we wanted to get a reaction shot of you. did you see how long you were on? we wanted you to -- we wanted a lot -- we wanted angst, we wanted suspense and disappointment. >> how did i do? >> i don't know. we were waiting for something. >> i didn't know i was on. >> you were. the button was stuck. the economy likely
the job numbers are expected to be depressed by superstorm sandy. >>> we'll get instant analysis when the report comes out. >>> plus, a motor city makeover. >> what does opportunity look like? it looks like detroit. >> guest host dan gilbert on his efforts to revitalize detroit as the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky...
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Dec 10, 2012
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one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put more gasoline online. the third thing, this one's important, crude oil prices, which are really the underlying feedstock for gasoline, crude oil prices have remained low. as we are concerned about the fiscal cliff and a slowdown in the world's economy and in asia and in europe. so these are the three factors that have come together to give us a sustained drop in the price of gasoline almost over the last three weeks, wolf. >> is this a short-term development? what's in store over the longer term? >> we're into that lower driving season. obviously, spr
one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put...
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Dec 7, 2012
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sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through the mechanisms by which lower interest rates, while good for the economy overall, tend to have an adverse affect on the fund. my understanding is the review contemplates a low interest-rate environment. in that environment, the value of the fund is -$31 billion. are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates hav
sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through the mechanisms by which lower interest rates, while good for the economy overall, tend to have an...